Tuesday, December 12, 2017

NFIB: Small Business Optimism Index "Near All-Time High" in November

by Bill McBride on 12/12/2017 08:35:00 AM

From the National Federation of Independent Business (NFIB): Small Business Optimism Hits Near All-Time High

The Index of Small Business Optimism gained 3.7 points to 107.5 in November, the second highest reading in the 44-year history of the NFIB surveys (108.0 in July 1983). Eight of the 10 Index components posted a gain and two declined, as Job Openings fell from its record high level and Capital Spending Plans declined 1 point.

After several solid quarters, job creation slowed in the small business sector as business owners reported a seasonally adjusted average employment change per firm of 0.0 workers.
emphasis added
Small Business Optimism Index Click on graph for larger image.

This graph shows the small business optimism index since 1986.

The index increased to 107.5 in November.